PUBLISHER: Polaris Market Research | PRODUCT CODE: 1807437
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1807437
The cardiac monitoring and cardiac rhythm management devices market size is expected to reach USD 34.90 Billion by 2034, according to a new study by Polaris Market Research. The report "Cardiac Monitoring and Cardiac Rhythm Management Devices Market Share, Size, Trends, Industry Analysis Report: By Type, By Procedure (Invasive and Non-invasive), By Application, By End User, and By Region; Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Cardiac monitoring and cardiac rhythm management (CRM) devices are critical for early diagnosis, continuous monitoring, and effective treatment of cardiovascular diseases, enabling better patient outcomes and reducing the risk of sudden cardiac events.
Market growth is primarily driven by the rising prevalence of cardiovascular disorders, growing adoption of remote patient monitoring system technologies, and increasing preference for minimally invasive cardiac procedures, along with continuous advancements in implantable and wearable cardiac devices.
Based on type, the cardiac monitoring devices segment dominated the market in 2024, driven by widespread adoption of ECG, Holter monitors, and implantable loop recorders for continuous monitoring and early detection of cardiac abnormalities.
Based on procedure, the invasive segment dominated the market in 2024, driven by high adoption of implantable cardiac devices, rising arrhythmia and heart failure cases, and improved surgical outcomes.
By application, the arrhythmia segment dominated the market in 2024, owing to increasing cases of atrial fibrillation and ventricular tachycardia, which require long-term monitoring and rhythm management solutions.
By end user, the hospitals segment accounted for the largest share in 2024, supported by high patient inflow, advanced infrastructure for cardiac procedures, and availability of skilled healthcare professionals.
North America dominated the market in 2024, driven by advanced healthcare infrastructure, high adoption of technologically advanced devices, and strong presence of key manufacturers.
Asia Pacific is projected to grow at the fastest CAGR during the forecast period, fueled by rapid expansion of healthcare infrastructure, rising prevalence of cardiovascular diseases, and growing investments in digital health technologies in countries such as China and India.
Key players in the global market include Medtronic plc, Abbott Laboratories, Boston Scientific Corporation, GE HealthCare Technologies Inc., Koninklijke Philips N.V., Biotronik SE & Co. KG, Nihon Kohden Corporation, Baxter International, Schiller AG, OSI Systems, Inc., AliveCor Inc., and MicroPort Scientific Corporation.
Polaris Market Research has segmented the market report based on type, procedure, application, end user, and region:
By Type Outlook (Revenue, USD Billion, 2020-2034)
Cardiac Monitoring Device
ECG
Implantable Cardiac Monitors
Holter Monitors
Mobile Cardiac Telemetry
Cardiac Rhythm Management Devices
Defibrillators
Implantable Cardioverter Defibrillators (ICD)
Single Chamber
Dual Chamber
External Defibrillator
Manual External Defibrillator
Automatic External Defibrillator
Wearable Cardioverter Defibrillator Pacemakers
Pacemakers
Conventional
Leadless
By Procedure Outlook (Revenue, USD Billion, 2020-2034)
Invasive
Non-invasive
By Application Outlook (Revenue, USD Billion, 2020-2034)
Arrhythmias
Myocardial Infarction
Heart Failure
Other Applications
By End User Outlook (Revenue, USD Billion, 2020-2034)
Hospitals & Clinics
Ambulatory Surgery Centers
Other End Users
By Regional Outlook (Revenue, USD Billion, 2020-2034)
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Netherlands
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Malaysia
South Korea
Indonesia
Australia
Vietnam
Rest of Asia Pacific
Middle East & Africa
Saudi Arabia
UAE
Israel
South Africa
Rest of Middle East & Africa
Latin America
Mexico
Brazil
Argentina
Rest of Latin America